Adient PLC (ADNT)
Debt-to-capital ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,134,000 | 2,228,000 | 2,073,000 | 2,376,000 | 1,213,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,134,000K)
= 0.00
The debt-to-capital ratio of Adient PLC has been consistently reported as 0.00 for the past five years, including as of September 30, 2024. This ratio indicates that the company has not used any debt to finance its operations relative to its total capital structure. A debt-to-capital ratio of 0.00 typically suggests that the company relies more on equity financing rather than debt financing for its operations and investments. It may indicate a conservative approach to capital structure and financial risk management, potentially reducing the company's interest expenses and financial leverage. However, it's essential to consider other financial metrics and factors to gain a holistic understanding of Adient PLC's financial health and risk profile.
Peer comparison
Sep 30, 2024